DCC shareholders are offered £66.72 per share in a revised buyout proposal from KKR and Energy Capital Partners.
Ireland’s DCC has agreed to support a revised £5.7 billion ($7.63 billion) takeover bid from a consortium led by KKR and Energy Capital Partners. The offer values DCC shares at approximately £66.72 each, including a dividend, pending a formal proposal to shareholders.
The bid marks an increase from prior discussions, reflecting private equity interest in the energy distributor. DCC’s board has endorsed the terms, though regulatory and shareholder approvals remain pending. The deal would delist DCC from public markets if completed.
No immediate market reaction was disclosed, but the proposal underscores growing consolidation in the European energy sector.